Certified Property Damage Adjusters and Actuaries, Expansion of Recognized Official English Exams Scope

Financial Services Commission Revises 'Enforcement Rules of the Insurance Business Act'
Adds G-TELP and FLEX to Existing TOEIC, TOEFL, TEPS
Separate Passing Criteria Established for Hearing-Impaired Applicants

[Asia Economy Reporter Kwangho Lee] The recognized scope of official English tests included in the first-stage exams for Property Loss Adjusters and Insurance Actuaries will be expanded. Separate standards for the hearing impaired have also been established.

The Financial Services Commission announced on the 31st that it has improved the exam system for Property Loss Adjusters and Insurance Actuaries through amendments to the "Enforcement Rules of the Insurance Business Act."

Accordingly, G-TELP and FLEX will be added to the recognized official English tests, which were previously limited to TOEIC, TOEFL, and TEPS.

Additionally, for the hearing impaired, a separate passing score criterion has been established based on scores from all sections except listening.

For the hearing impaired, passing scores are set at 350 or above for TOEIC, 352 or above for TOEFL (PBT), 204 or above for TEPS, 43 or above (Level 2) for G-TELP, and 375 or above for FLEX.

The revised regulations will be applied starting from the first-stage exams for Property Loss Adjusters and Insurance Actuaries held next year.

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